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20130512
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. the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately, you've grown up hearing voices that incessantly worn the gove
the less washington will ever deal with our problems. like our deficit problems and, that, you say would be the biggest sin, potentially to come of this, right? >> it is unfortunate this is happening. as one was said when it comes to abuse of presidential power, obama's turning out to be the president that nixon aspired to be. i mean, this is really unfortuuate. neil: on a side note, you mention the nixon thing how does this compare to watergate or what you know of so far? way early in the process but some are citing the oddity of this is all 40 years almost to the day of watergate hearings. >> i was a little kid on capitol hill when all of this developed. neil: sure. >> from day to day you didn't know what was going to, shoe was going to fall next and it spread and it spread and pretty soon it was like a whole scenario. neil: i remember, that was supposed to be a left-wing cabal against a republican president. >> so who knows. this is unfortunate there are huge problems facing the country. none of them is being addressed. a lot of cans are being kicked and the budget is more important.
the city $326 million deficit is expected to grow by another 60 million before the fiscal year ends in june, or raising questions about just how well-funded as detroit's city employee pension funds are to hopefully ease the payments. lori: supreme court ruling in the patent case. relent reject a farmer's case that the soybeans were not covered by the patents. more than 90% use the seeds. closely watched by businesses that hold patents. yum brands taking a hit that they were down in china as a result of the first out rick. this may sales to be down 30%. most 5300 restaurants in china are kentucky fried chicken. the great gatsby was not enough to win this weekend. "iron man 3" tops ticket sales for the second weekend in a row. ghastly opening weekend exceeded expectations. melissa: cominn up in just a minute, we're waiting congressman darrell issa on irs targeting right-wing groups. the scope expanding beyond the tea party. reporting on the documents more than a year ago now that the news is breaking. i am sure he has a lot to say about it. lori: bloomberg apologizing for a part of the snoopi
in principle on an immigration reform framework. and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to change the subject today, didn't work that well, because the subject is still out there. >> there's a formula for presidents who get into political trouble. and it begins with trying to change the questions. which he did pretty well, i think, in the rose garden, at least it was a good first step. went out there and said, okay, what we really noo ed is money to help secure the embassies. that was his response to the benghazi problem. he talked about the irs, and said, well, this was done, because i take these leaks very seriously, because they endanger americans. put it i
Search Results 0 to 3 of about 4